A company, as an artificial person, acts through directors who are elected representatives of the shareholders.
Roles of
a Director:
Directors As Agents:
A
company, as an artificial person, acts through directors who are elected
representatives of the shareholders.
Directors As Employees:
Although the directors of a
company are its agents, they are not employees or servants of the company for
being entitled to privileges and benefits which are granted under the Companies
Act to the employees.
Directors As Officers:
For certain matters under the
Companies Act, the directors are treated as officers of the company [sec.2
(30)].
Directors As Trustees:
Directors
are treated as trustees
1. Of the Company’s money and property;
2. And of the powers entrusted to them.
Tags : Business Environment and Law-Company Management & Remuneration
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